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AT&T agrees DirecTV takeover for USD 48.5 bln
2014-05-19 08:46:00| Telecompaper Headlines
(Telecompaper) AT&T has agreed to acquire the satellite pay-TV provider DirecTV for USD 48.5 billion. The acquisition strengthens its TV offering in the US, while also giving it a new growth market with DirecTV's over 18 million customers in Latin America. AT&T will pay USD 95 per share for DirecTV, including USD 28.50 per share in cash and USD 66.50 in AT&T stock. The deal values DirecTV's equity at USD 48.5 billion, while the total transaction is worth USD 67.1 billion including DirecTV's net debt. After the deal, DirecTV shareholders will own 14.5-15.8 percent of AT&T. AT&T intends to finance the cash portion of the transaction through a combination of cash on hand, sale of non-core assets, committed financing facilities and debt market transactions. To facilitate the regulatory approval process in Latin America, AT&T intends to sell its stake in America Movil, which competes against DirecTV on the pay-TV market in the region. AT&T's members on the America Movil board will step down immediately. AT&T expects the deal to add to its free cash flow per share and adjusted EPS within 12 months of closing. The companies also expect over USD 1.6 billion in cost synergies from the takeover within three years, driven in part by increased sales of TV services to AT&T's fixed and mobile customers.
US: Neiman Marcus agrees $6bn takeover deal
2013-09-09 18:57:00| Daily apparel & textile news and comment - from just-style.com
Upscale department store retailer Neiman Marcus is to be acquired by Ares Management and Canada Pension Plan Investment Board (CPPIB) in a deal worth US$6bn.
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AsiaInfo-Linkage agrees takeover for USD 890 million
2013-05-13 15:43:00| Telecompaper Headlines
(Telecompaper) BSS provider AsiaInfo-Linkage has agreed a takeover by a group of private investors led by CITIC Capital Partners valuing the company at USD 890 million. The possibility of taking the China-based company private was first discussed in January 2012, and the companies have now agreed a definitive offer worth USD 12 per AsiaInfo share. This is a 52 percent premium on the share price the day before the takeover talks were first announced. A special committee of independent directors as well as AsiaInfo's board of directors are recommending shareholders accept the offer. Closing of the deal depends on shareholder and regulatory approval. The takeover consortium is led by CITIC Capital Partners and Edward Tian, co-founder and a significant stockholder of AsiaInfo-Linkage, and their respective affiliates, including CITIC PE and China Broadband Capital Partners II, which will provide equity financing for the deal.
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GrainCorp agrees on takeover offer
2013-04-26 05:37:48| Agriculture - Topix.net
In a statement on its website on Friday, ADM confirmed it had signed a takeover bid implementation deed with GrainCorp and begun due diligence on the Australian company.
Tags: offer
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GrainCorp agrees on takeover offer
2013-04-26 05:37:46| Agriculture - Topix.net
In a statement on its website on Friday, ADM confirmed it had signed a takeover bid implementation deed with GrainCorp and begun due diligence on the Australian company.
Tags: offer
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